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Vault Message Board: Investment Banking

Topic Name: Ode to all the 'arrogant' ivy league idiots
Message Name: well it seems my age
Date Posted: 08/17/1999
In Reply To: You are 25 and have your CFA and JD? Very interesting. In order to earn the CFA distinction, you need at least three years of professional experience in the financial services industry. The results of the most recent exam have yet to be announced, so the latest you could have earned the distinction was summer of 1998. If you have three years experience in summer of 1998, then you started your career no latter than mid 1995. Law school is another three years, so you must have entered no latter than 1992. Hmmm. If you are 25 now, than you must have been about 18 when you started law school and 14 when you started college. You certainly are accomplished! Or are you just a really bad liar with a huge ego?
Message: well it seems my age has been brought into question,alright let me give you guys a chronological order,i graduated from college when i was 19,i went in when i was 16.i started taking my actuarial exams when i was in high school,it took me 4 years to become an associate.during college i interned at a small cpa firm and they encouraged me to take the cpa and cma,i passed the exams but i had to get work experience for a certification.i went to law school in the same state school the fall when i graduated with a bachelors.during law school i interned at a boutique investment bank,which used to do small private equity and mezanine financing deals,and i took my first cfa exam-20 years old,by the time i graduated i finished all the 3 exams and i rejoined the investment bank i interned at before ,i was 22.the thing about professional exams are that they alow students to take them and give them an incentive of defering employment until after they graduate to fufill the professional experience.in the investment bank i worked with a couple of cpa's and cfa's and in a year i got my cpa and cma license-i was 23,by the time i was 25 i goy my cfa license,i turn 26 in november this year.i hope that clears up the aritmethic.you see we state school guys may not have the educational prestige,but we do know how to exploit all those little loopholes that you priveleged pricks dont see.for instance if you pass the cpa exam,you get a waiver for a certain part of the cma,and cfa and even the actuarial exams.

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